Obtaining life insurance took time, perhaps a few weeks or more. The same is true for conventional policies, although many companies now provide instant coverage. This type of policy, sometimes known as "quick life insurance," can be purchased entirely online, and the underwriting decision can sometimes be made in as little as a few minutes.
How we ranked the best life insurance companies
The editorial staff at NerdWallet is responsible for establishing the life insurance rankings. The National Association of Insurance Commissioners' complaint index scores and weighted averages of financial strength ratings are used to determine overall star ratings for individual life insurance providers, with the consumers' experiences also playing a role. We transformed the numbers into a skewed 5-point scale to determine how each insurance provider was ranked.
Evaluation of Economic Prosperity
Long-term, no-test
Overview: Ladder's term life insurance is one of the few quick products on our list that is offered in all 50 states. Compared to other policies, Ladder stands out since it provides one of the most generous amounts of immediate online life insurance coverage for eligible candidates (up to $3 million).
A life insurance medical test may be required if you apply for a policy with a face value of $8 million, but it's worth the risk if you need the protection.
A Life Insurance Company That Takes Great Pride In Its Customers' Happiness And Safety 
Across the country, customers can purchase insurance through the insurtech's collaboration with Fidelity Security Life Insurance Company and Allianz Life Insurance Company of New York. Your monthly premium will decrease once you change your coverage limits in your online account or mobile app. For instance, if you decide to reduce your coverage from $1,000,000 to $750,000, your premium will be reduced by 25%. You must submit an application form to expand your coverage.
Particulars of the Ladder Procedure Immediately
Massachusetts Mutual Life Insurance Company (MassMutual) is the parent company of Haven Life, a subsidiary that provides two distinct kinds of temporary life insurance (Haven Simple and Haven Term). Applications for both plans can be completed entirely online. It may take more than a few minutes to become effective if you are granted coverage. In contrast to Haven Term, Haven Simple does not necessitate a medical exam. However, it may be required of some applicants.
You can add two free life insurance riders to your policy. Both the accelerated death benefit rider and the accidental death benefit rider provide additional lump sum payouts in the event of the policyholder's untimely demise; in the former case, this is the case if the policyholder is diagnosed with a terminal disease.
Information About an Instant Haven Life Policy
Applying for no-exam insurance with Lincoln Financial can be done over the phone or online. Before the term policy's expiration or the policyholder's 70th birthday, whichever comes first, the policyholder can convert to permanent coverage. Your coverage renewal is assured until you reach the age of 95.
A child rider is available, and the insurer will cover numerous kids under that. In addition, you can pay extra to include riders like as a waiver of premium or an accelerated death benefit.
Information on an Instant Policy from Lincoln Financial
Applying for Bestow can be done entirely online. People between 18 and 60 are welcome to apply for this no-medical exam policy, which offers coverage of up to $1.5 million. One potential downside is that persons with preexisting conditions may be denied coverage.
Provide immediate policy explanations
Erie offers one of the most flexible quick life insurance policies. The coverage can begin the day you apply, provided you meet the requirements. Otherwise, a medical checkup might be in order. The minimum coverage amount is only $10,000, and the minimum policy duration is five years. There is no additional cost for the inclusion of an accelerated death benefit rider.
The Top Instant Life Insurance Alternatives
Applying for a conventional life insurance policy is an option if you don't need coverage immediately. If you're in good health, you can get a lower rate on your insurance coverage after all, but a medical exam is almost a certainty.
Methodology for Filing Complaints with Insurance Companies
For the National Association of Insurance Commissioners, NerdWallet analyzed 2019-2021 complaint data submitted to state insurance regulators. Each year, the NAIC creates a complaint index for each insurer's subsidiary, using the insurer's complaint volume as a percentage of the subsidiary's total premium volume. NerdWallet used an identical index, weighted by the market share of each subsidiary during the three years, to examine the complaint history of each insurer.
